$168.97 Per Sq Foot $6,576 est/mo Sourced by Back At You

5028 W 31st Place,Cicero, IL 60804

Cicero IL, 60804

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Description

BROKER OWNED. ***2 units of 6 are prepaid 12 months in advance; buyer will receive a substantial credit at closing for prepaid rent; See additional info for rent rolls and prepayment credit.**** Large 6 unit multi-family investment property with a large two car garage and storage spaces for rent in garage. The property's interiors have been renovated since purchase in 2015. Building is fully occupied with paying long term tenants. Apartment rents total $10,050 per month, the parking spaces rent for a total of $225 per month, storage spaces currently renting for total of $365 per month, so the building collects a grand total of $10,640 per month. Additionally, the owner holds a total of $11,250 in security deposits. Owner of building pays for water, common electric and garage electric. Tenants pay for their own gas heat, cooking gas, water heat, and electric. In 2023 the owner replaced all roofing, as well as the hardy board siding from ground level to 6 ft height around the perimeter of the building plus foam board insulation, and fully gutted and rehabbed the largest unit in the building in 2024- a 4 bedroom 2 bathroom (one new full bath was added), installed insulation in ceilings around the building, and added a master walk-in closet to the south lower level unit. Given the substantial rents collected every month, this is a great property for any investor! see photos and additional info.

Details

MLS#12034189
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1914
Days On Site33
Listing Provided BySkydan Real Estate Sales, LLC | Victor Postillion

Features

SQ Feet7,250
Story(s)2
Units6
ZoningMULTI
Acreage5626.00

Market Activity 60804

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Learn More About This Property

StateIL
CountyCook
CityCicero
Zip Code60804
AreaCicero
Listing VS Median (in 60804)
Price:
$1,225,000
low | high
Med:
$285,000
100% of Average
SqFt:
7,250
low | high
Med:
1,452
100% of Average
$ / SqFt:
$169
low | high
Med:
$219
20.237703453516% of Average
On Site:
33
low | high
Med:
102.5
32.19512195122% of Average
Sourced by Back At You
Listing Updated: May 27, 2024 at 12:22:28 AM PDT